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IRS Gets $172M from the Wealthy

Wednesday, Sep 11 2024
Tax
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The Internal Revenue Service says it has received $172 million from 21,000 wealthy taxpayers who have not filed tax returns since 2017..

The money was received in the first six months of the program targeting well-to-do delinquents. The IRS is targeting those with more than $1 million in income and more than $250,000 in recognized tax debt.

Last fall, the IRS targeted 1,600 high-income individuals and had received $1 billion by July with another $100 million received since.

 

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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